Latest news with #018
TimesLIVE
5 days ago
- Automotive
- TimesLIVE
Xiaomi CEO expects EV business to turn profitable in second half of 2025
China's Xiaomi founder and CEO Lei Jun said on Tuesday he expected the company's car business to turn profitable in the second half of the year, according to a company spokesperson. Xiaomi's loss from its smart electric vehicles, AI and other new projects amounted to 0.5bn yuan (R1,242,018,515) in the quarter ended March 31, with its EV business revenue reaching 18.1bn yuan (R44,955,567,300) over the same period. Xiaomi will start selling its second EV model YU7 in July.
Malay Mail
29-04-2025
- Politics
- Malay Mail
South Korea top court to rule on presidential frontrunner's criminal case
SEOUL, April 29 —South Korea's Supreme Court said it will rule on Thursday in a criminal case that could determine whether the frontrunner for the June 3 snap election, former opposition party leader Lee Jae-myung, can run for president. The top court is deciding on an appeal by prosecutors after a lower court decision to clear Lee of charges of violating election law. He was initially found guilty and he appealed against that verdict. If the Supreme Court upholds that ruling or sends it back to the lower court, Lee would likely be clear to run. If he is handed a final prison sentence or a fine of 1 million won (RM3,018) or more, he would be barred from running for office for at least five years. The case would be handled 'in accordance with the law,' Lee said when asked today about the ruling date as he walked out of a court where he's on trial in another case. The election was called after Yoon Suk Yeol was impeached by the Lee-led parliament and removed as president by the Constitutional Court over an attempt in December to impose martial law. Lee was named the Democratic Party's presidential candidate on Sunday after winning the primary, and has been leading opinion polls for weeks with a double-digit gap over contestants from Yoon's conservative People Power Party. The DP has not put forward an official contingency plan in the case that Lee is barred, and his exit from the race would throw it wide open. The PPP, reeling from Yoon's ouster, will name its candidate on May 3, and local media report that Prime Minister Han Duck-soo, who is serving as acting president, may also throw his hat in the ring. Lee also faces several other trials on matters ranging from bribery to charges mostly linked to a US$1 billion property development scandal, but rulings on those cases are not expected to come before the election. — Reuters
